Opinions

Economics

Fiscal Policy During the Time of the Pandemic

April 24, 2020 | Evsey Gurvich, Alexandra Suslina

The unprecedented crisis will require fundamental changes in Russia’s fiscal policy. Financing anti-crisis measures will involve not only using the National Welfare Fund, but also moving away from fiscal rule and using unconventional fiscal and monetary tools.

Economics

Coronavirus in the Labour Market

April 14, 2020 | Vladimir Gimpelson

The unconventional nature of the crisis requires unconventional measures. About one third of all jobs in Russia are at risk, and the main objective is to enable those who have lost their jobs and income to return to paid work quickly when the lockdown is lifted.

Economics

Russian Borrowers: Between Wants and Needs

April 13, 2020 | Lyudmila Presnyakova

Most Russians believe that loans make their life tougher, but almost 50% of households have outstanding loans. Many borrow impulsively without regard to consequences, although the majority manage to pay them off.

Finance

Corporate Governance of Russian Banks: Particular Features and Prospects for Improvements

April 10, 2020 | Carsten Sprenger, Srdjan Todorovic

Adherence to high standards of corporate governance in the banking sector can reinforce the resilience of the banking system. However, existing corporate governance practices do not help curb the risks banks take.

Finance

Crowdfunding: from Hopes to Challenges and Back Again?

February 17, 2020 | Mikhail Mamuta

Crowdfunding platforms have proven a promising alternative to banks. However, so far, they still seem more of an experiment whose success depends on their ability to manage existing confidence risks.

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